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Re: I-Glow post# 75193

Thursday, 06/13/2019 2:12:18 PM

Thursday, June 13, 2019 2:12:18 PM

Post# of 147454
Thanks for again confirming NOLs are usable.

Here is yet another article explaining why your opinion on NOLs is incorrect.
https://www.lexology.com/library/detail.aspx?g=f71556d7-32f2-4165-9541-6a2e01349637

...the IRS ruled that an ownership change pursuant to a bankruptcy reorganization plan qualified for an exception to the general rule limiting net operating loss ("NOL") carryforwards under Section 382(a).





I'm a firm believer that KKR is simply buying the debt and financing plants 2 and 3.
KKR bought LCY Chem for USD $1.56B, do you really think a measly 75M in debt outweighs the value of the tax attributes, rights to licenses and $3B in take-or-pay contracts?



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